Wednesday, June 8, 2016
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Been There, Done That: Wells Fargo has, once again, begun offering mortgages with just a 3% down payment for those who shouldn't be buying houses.
Being Prepared: The largest joint NATO military exercise since the end of the Cold War is underway in Poland, apparently trying to convince Russia to be afraid, be afraid, and to stop stealing parts of its neighbors. France has called on European nations to mount patrols in the South China Sea to protect the freedom of the seas, while China tries to buy support with foreign aid programs. Imagine.
Once Upon A Time: Real median household income in 2014 was the same as it was twenty years earlier. They call it progress. Since 2002 the average wage for warehouse workers has gone up only 15 cents while the cost of living has gone up 22%.
That Sucking Sound: Not only will the TPP agreement cost the US about half a million jobs, it will also let fossil fuel companies sue the US to invalidate any regulations aimed at making the 21st Century survivable if it would cost them even a penny in profits. Ditto with health care, clean water, clean air and any other health and safety measure that may impinge on corporations' right to make profits on our corpses.
Shorter Version: Sooner of later, most likely sooner, Iraq's Mosel dam is going to collapse, drowning a few million Iraqis. Throwing money at the problem won't work – we've tried that and (1) most of the money gets stolen and (2) the problem is essentially unsolvable. To quote the US Corps of Engineers, the dam is at “unprecedented risk of catastrophic failure with little warning.”
Something In The Water: Bangladesh's Home Minister claims that Israel is behind a series of killings of minorities... and Bangladeshi bloggers.
Timing Is Everything: Knowing which side their bread is buttered on, the State Department will prevent public access to Hillary Clinton's TPP emails until after the November election.
I've Got Mine: In April Hillary Clinton gave an impassioned speech detailing the evils of inequality while wearing a $12,495 Armani jacket. Takes one to know one.
Porn O'Graph: Where the Good Times went.
A Parting Shot:
Posted by Charles Kingsley Michaelson, III at 7:17 AM